Canara Robeco Mutual Fund to rename three equity schemes from June 20

Here are the revised names:

• Canara Robeco Focused Equity Fund is now Canara Robeco Focused Fund
• Canara Robeco Emerging Equities Fund is now Canara Robeco Large and Mid Cap Fund
• Canara Robeco Bluechip Equity Fund is now Canara Robeco Large Cap Fund

The fund house clarified that these are name changes only. There is no change in investment strategy, asset allocation, or risk profile of the schemes.
Existing investors will not face any impact due to the renaming. They do not need to take any action. The revised names aim to improve clarity and better reflect the scheme categories as defined by SEBI.

In a separate development, Motilal Oswal Mutual Fund has launched the Motilal Oswal BSE 1000 Index Fund, India’s first index fund tracking the BSE 1000 Total Return Index.

The new fund offer (NFO) is available for subscription till June 19, 2025.

The fund is an open-ended scheme designed to replicate the performance of the BSE 1000 Total Return Index, which includes the top 1,000 listed companies across large, mid, small, and micro-cap segments, representing around 94% of India’s listed market capitalisation.

The fund aims to offer broad diversification across 22 sectors, with the top 10 stocks capped at roughly 33% weight to reduce concentration risk. It also includes exposure to growing micro-cap companies.